Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received on July 15, 2008 Dan Stein, the Director for Regional Affairs, US Trade and Development Agency and Lana Ekimoff, the Director of the Office of Russian and Eurasian Affairs, US Department of Energy.

Issues on the Fund's activity, management of its assets and investment in foreign capital markets, SOFAZ's leading role in implementation of the Extractive Industries Transparency Initiative (EITI), the current status of the United Nations General Assembly Resolution on EITI submitted by the Government of Azerbaijan were discussed at the meeting.

The economic reforms, importance of oil sector in Azerbaijan, influence of huge oil revenues to our country, development of Azerbaijan's non-oil sector and other issues were discussed at the meeting.